Media SPECTIS
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Emerging Europe | Poland’s construction boom hides a highly-fragmented industry
18 Dec 2019
The Spectis report shows that the Polish construction sector is still a highly-fragmented industry, with consolidation moving at a slow pace. Accordingly, the country’s top five construction groups – Budimex, Strabag, Skanska, Porr and Erbud – account for just under nine per cent of the entire sector’s value in terms of output.
The construction industry remains highly unpredictable as it has been historically typified by a volatile number of large-scale orders from one year to another. A fact that should be noted is that the vast majority of major companies are specialised in a specific type of construction activity, such as industrial and warehouses, railways, bridges or tunnel construction) which makes them highly vulnerable to changes in the market.
Full article: www.emerging-europe.com